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Using the theory of price discrimination, explain why airlines charge higher fares to their customers during...

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Economics

Using the theory of price discrimination, explain why airlinescharge higher fares to their customers during Christmas but offersignificant discounts at other times of the year.

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According to the theory of price discrimination firms with significant market power can charge different prices from different consumer groups For this we must prevent resale of their product and they have the ability to    See Answer
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